The South America electronics adhesive market was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6% during 2023–2031. The growth of market is attributed to advancements of technology in electronic segment and rising demand and emergence of electric vehicles is estimated to shoot the market share during the forecast period.
It is estimated to witness an exponential rise in demand for the adhesive owing to the application in construction and building segment. With the introduction of high performance polymer and formulation the usage of adhesive has increased drastically over the time period.
The end user industries of electronic adhesives which are most likely to witness a rapid surge of demand of electronic adhesives in several applications such as wearable devices and waterproof smart phones, 5G technology, and developing region such as Asia Pacific is also estimated to witness increase in demand for electronic adhesives during the projected period.
The Covid-19 pandemic affected the demand and supply of South America electronic adhesive market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
South America Electronics Adhesive Market Trends, Drivers, Restraints, and Opportunities
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Growing technological advancement in electronic industries is expected to spur the market during the forecast period.
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Increasing construction activities in parts of the regions as well as hike in demand across globe is estimated to drive the market during the forecast period.
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Rising demand for electric vehicles is anticipated to boost the market in the coming years.
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Growing demand for smart watches, wearable and 5G technology is expected to propel the market in the coming years.
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Awareness about emission of VOC from adhesives and stringent regulation framed against it act as a main factors that can hinder the growth of the market in the coming years.
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R&D and technological advancement towards introduction of bio-based adhesive is anticipated to create lucrative opportunities to the key players in the market.
Scope of South America Electronics Adhesive Market Report
The report on South America electronics adhesive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Electronics Adhesive Market – South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Resin Types (Epoxy, , Acrylics, Polyurethanes, Other Resin Types), Applications (Surface Mounting, Conformal Coating, Encapsulation, Wire Tracking, and Other Applications)
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Geographical Scope
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Argentina, Brazil, Chile, Rest of South America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M; Henkel AG & Co.KGaA; Dow; BASF SE; H.B. Fuller Company.
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South America Electronics Adhesive Market Segment Insights
The polyurethanes segment is expected to exhibit high CAGR
Based on resin types, the market is segregated into epoxy, acrylics, polyurethanes, and others. The polyurethanes segment is expected to exhibit high CAGR in the coming years owing to adhesive bonding technology and varies in composition it is majorly used in construction industry in a wide range of application.
The surface mounting segment is estimated to holds a key share of the market
On the basis of applications, the market is fragmented into surface mounting, conformal coating, encapsulation, wire tracking, and others. The surface mounting segment is estimated to hold a key share of the market during the forecast period owing to its superior chemical and physical quality allowing them to have long shelf life, flexibility, strength, high wet tendency, and instant curing.
Brazil is anticipated to dominate the market
In terms of geography, the market is categorized into Argentina, Brazil, Chile, and Rest of South America. Brazil is anticipated to dominate the market during the projected period due to the region estimated in having a strong base of electronic vehicle production plant automaker are considering EV’s and hybrid in Brazil such as Toyota, Nissan, and Hyundai this refurbishing of industry combined with electric vehicle are some of the factors the market.
Segments
The electronics adhesive market has been differentiated on the basis of
Resin Types
- Epoxy
- Acrylics
- Polyurethanes
- Others
Applications
- Surface Mounting
- Conformal Coating
- Encapsulation
- Wire Tracking
- Others
Geographies
- Argentina
- Brazil
- Chile
- Rest of South America
Key Players
- 3M
- Henkel AG & Co. KGaA
- Dow
- BASF SE
- H.B. Fuller Company
Competitive Landscape
Key players competing in the South America electronics adhesive market include 3M; Henkel AG & Co.KGaA; Dow; BASF SE; and H.B. Fuller Company.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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